For most families, there usually seems to be a lengthy list of home improvement to-do’s that they need to complete or new ideas they’d like to try. While several may not be necessary, furnace replacement is an example of a job that could be critical to keeping your home comfortable through the cooler months in Genoa.

Getting a new furnace is a big investment. You’ll absolutely notice the return-on-investment on your indoor comfort in addition to your utility costs, but it may be a bit intimidating at first. The good news is that when you purchase a new energy-efficient furnace, you may be eligible for a federal tax credit.

According to ENERGY STAR®, the Non-Business Energy Property Tax Credits were prolonged through December 31, 2020. In order to receive the tax credit, you have to purchase a furnace that has earned the ENERGY STAR label. Keep in mind it can’t be a furnace that is labeled ENERGY STAR for “U.S. South Only.” When researching furnace replacements, look for heat pumps with the ENERGY STAR rating so you can be sure you’re selecting a high-efficiency furnace.

At Assured Appliance & Heating & Air, the experts will help you find an option that fits your needs and helps you qualify for this tax credit. While ENERGY STAR products designate high efficiency, you will want to clarify that the furnace you select has an Annual Fuel Utilization Efficiency (AFUE) greater than 95, in order to qualify for the tax credit. AFUE means the percent of heat produced for every dollar of fuel consumed.

Qualifying for the tax credit is not going to be the only savings you’ll observe when you purchase a new high-efficiency furnace. Many of the most efficient solutions can save you hundreds of dollars on your energy costs throughout the year. And your household will also have more confidence in your HVAC system to keep your house at just the right temp.

If you come across questions regarding your eligibility for a tax credit, or if there are additional local savings you could be eligible for by buying a new high-efficiency furnace, give our professionals at Assured Appliance & Heating & Air a call at +1 847-293-0047. You could also visit ENERGY STAR or contact your local utility establishment if you have questions about other eligible home products.